Assurant Pulling Out of New Mexico and Other Assurant News

[VolAgent]

Until I hear about carriers pulling out of California, Texas and Florida, I'll consider it all political window dressing.

There is a really good joke hiding in there. The question is, do I want to go for it...

 

[somarco]

Go ahead and laugh. Tennessee is next.

 

[VolAgent]

Go ahead and laugh. Tennessee is next.

Its ok. I'm moving to Georgia next month. They have already approved me for welfare, Medicaid, and housing support.

 

[Crabcake Johnny]

You don't move to Georgia - you get sentenced to Georgia.

 

[VolAgent]

Could be worse, at least it is not Alabama.

 

[somarco]

already approved me for welfare, Medicaid, and housing support.

Hey, we could be neighbors! Since Chumps moved out of my basement and Frank took back his goats it has really been lonesome here.

 

[CHUMPS FROM OXFORD]

Keep that basement warm. I may be moving back in 2014!

 

[jbage007]

Actually, Aetna withdrew from Alabama on Aug. 1.

Alabama is a very litigious state with very high rates as a result and BCBSAL has the market sewn up good 'n tight.

I'm canceling my license there too. Does that count?

Assurant withdrew from NM because NM has instituted very tight MLR's that the company considers excessive especially in a market with a relatively small insurance buying population that is already dominated by HMO's.

Humana withdrew from Iowa because it floods too much.

 

[AllenChicago]

Assurant will be pulling out of New Mexico. The last day to submit an application is August 16th with an effective date of August 28th.

August 26, 2015

Blue Cross Blue Shield of New Mexico announced today that it is pulling out of the New Mexico health insurance exchange. The company's request for a 51% rate increase for 2016 was denied by the state. In response, BCBS-NM lowered that request all the way down to an 11% increase. The state didn't allow that either. Go figure...

Story: Blue Cross and Blue Shield of New Mexico has confirmed that it will not offer on-exchange health insurance products on the New Mexico Health Insurance Exchange in 2016 - Albuquerque Business First

BCBS-NM is a sister company to BCBS-TX-IL-MT-OK, all owned by Health Care Service Corporation (HCSC).

 

[taterpeeler]

August 26, 2015

Blue Cross Blue Shield of New Mexico announced today that it is pulling out of the New Mexico health insurance exchange. The company's request for a 51% rate increase for 2016 was denied by the state. In response, BCBS-NM lowered that request all the way down to an 11% increase. The state didn't allow that either. Go figure...

Story: Blue Cross and Blue Shield of New Mexico has confirmed that it will not offer on-exchange health insurance products on the New Mexico Health Insurance Exchange in 2016 - Albuquerque Business First

BCBS-NM is a sister company to BCBS-TX-IL-MT-OK, all owned by Health Care Service Corporation (HCSC).

allen.. you screwed this one up junior....... a 4 year old post and not even the same company